Friends Provident targets advisers needing help selling IP

Published on

Friends Provident is providing a new online welfare reform seminar for advisers, providing Income Protection (IP) selling techniques.

This follows a survey conducted by Friends Provident, in conjunction with Assureweb, which found more advisers want help in selling IP (80.6%) than in any other area. The survey also revealed only 17% of advisers have used the Welfare Reform Act to help sell IP and only 20% were aware that the Government’s new ‘fit note’ could present them with a better opportunity to recommend IP.

The new online seminar provides more information on the State benefit system and Friends Provident’s IP product, as well as ideas on how to sell IP and access to marketing support material.

Ed Stuart-Brown, head of protection at Friends Provident, said: “One of the most commonly cited barriers to selling IP is the clients’ perception that the State will always provide for them. Unfortunately this ceased to be the case when the Government introduced the Employment and Support Allowance in 2008. It is now much harder to claim sickness benefits and over two thirds of claimants are unsuccessful.

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

HTB backs second phase of North East housing scheme with £3.6m funding

Hampshire Trust Bank (HTB) has agreed a £3.6m development finance facility to support the...

LMS improves its remortgage technology with DART update

LMS has announced an update to its Decisioning and Automated Remortgage Technology (DART), aimed...

Pepper Money launches Flex proposition to ease broker access to inclusive mortgage options

Specialist lender Pepper Money has unveiled a new proposition, Pepper Flex, designed to streamline...

Paragon Bank marks 30 years since pioneering landlord mortgage

Paragon Bank is celebrating three decades since it entered the private rental sector, marking...

Affordability crunch: private renters struggling to save as housing costs soar

A growing divide between renters and homeowners is placing mounting pressure on first-time buyer...

Latest opinions

Rachel Reeves rolls back mortgage rules: return to risk or reasonable reform?

Rachel Reeves is to roll back bureaucratic red tape introduced since the 2008 financial...

Reeves’ reforms are a welcome boost but the housing market must modernise

Rachel Reeves’ announcement marks a clear shift in housing policy, with measures that could...

What is the Protection Claims Charter – and how does it work?

The moment of truth for any insurance product is at point of claim. Insurers have...

Affordability reforms, housing ambition and the uncomfortable PRS truth

Let’s be clear: the FCA’s recent Discussion Paper (DP25/2) isn’t necessarily about buy-to-let lending....

Other news

HTB backs second phase of North East housing scheme with £3.6m funding

Hampshire Trust Bank (HTB) has agreed a £3.6m development finance facility to support the...

LMS improves its remortgage technology with DART update

LMS has announced an update to its Decisioning and Automated Remortgage Technology (DART), aimed...

Pepper Money launches Flex proposition to ease broker access to inclusive mortgage options

Specialist lender Pepper Money has unveiled a new proposition, Pepper Flex, designed to streamline...